I saw this in one of the morning newsletters I get:
Does this relate to investment in companies that have greenfield sites in Australia? or if an Australian company has a greenfield site in another country would this also apply?TOUGHER FIRB LAWS - The federal government has altered the laws relating to foreign investment. The government wants the foreign share of greenfields developments in the resources sector to be below 50%, and around 15% of major miners. In the past year and a half, the FIRB has reviewed 90 separate Chinese investment proposals valued at around $34bn. It didnít take long for the new laws to make an impact.